3M India has received an approval of borrowings up to Rs 200 crore for expansion programme. The company has received an approval at its board meeting held on May 28, 2011.
Recently, 3M India’s board had approved an investment of Rs 70 core towards expansion of manufacturing facility at Ranjangaon for Non-woven maker project, which needs to be executed during the calendar years 2011 and 2012. The company’s board of directors at their meeting held on April 20, 2011 had approved the same.
3M is fundamentally a science-based company. The company produces thousands of imaginative products, and is a leader in scores of markets - from health care and highway safety to office products and abrasives and adhesives.
